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NEW ORLEANS, May 15, 2019 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 15, 2019 to file lead plaintiff applications in a securities class action lawsuit against Revlon, Inc. (NYSE: REV), if they purchased the Company’s securities between March 12, 2015 and March 28, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
If you purchased Revlon securities and would like to discuss your legal rights and how this case might affect your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nyse-rev/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 15, 2019.
About the Lawsuit
Revlon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 18, 2019, the Company disclosed that would not timely file its 2018 10-K due to a material weakness related to its enterprise resource planning system. Then, on March 28, 2019, post-market, Revlon filed its 10-K detailing that manufacturing problems caused by system disruptions resulted in it being “unable to fulfill product shipments representing approximately $64 million of net sales during 2018” as well as incurring $53.6M in charges.
On this news, the price of Revlon’s shares dropped.
The case is Lachman v. Revlon, Inc. et al., 19cv2859.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1100 Poydras St., Suite 3200
New Orleans, LA 70163